Dynamic Technology Lab Private Ltd Takes $418,000 Position in LKQ Corporation $LKQ

Key Points

• Dynamic Technology Lab Private Ltd has taken a $418,000 position in LKQ Corporation, purchasing 9,832 shares in the 1st quarter.
• LKQ's most recent earnings report showed an EPS of $0.87, falling short of analyst estimates of $0.93, with a year-over-year revenue decline of 1.6%.
• The company announced a quarterly dividend of $0.30 per share, translating to a 3.6% dividend yield for shareholders.

Dynamic Technology Lab Private Ltd purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,832 shares of the auto parts company's stock, valued at approximately $418,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of LKQ in the 1st quarter valued at $30,000. Banque Cantonale Vaudoise acquired a new position in LKQ in the 1st quarter worth $40,000. UMB Bank n.a. boosted its stake in LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares during the period. Horizon Financial Services LLC acquired a new position in LKQ in the 1st quarter worth $42,000. Finally, Bruce G. Allen Investments LLC boosted its stake in LKQ by 299.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Up 2.6%

LKQ stock opened at $32.92 on Friday. The stock has a market cap of $8.47 billion, a P/E ratio of 12.06 and a beta of 0.90. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82. The company's 50-day moving average price is $33.15 and its two-hundred day moving average price is $37.88.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business's revenue for the quarter was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, analysts expect that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, August 14th. LKQ's dividend payout ratio is presently 43.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LKQ. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Tuesday, July 22nd. Robert W. Baird reduced their target price on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $49.50.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

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